The Government and DP World sign an agreement to invest US$760 million.
The President of the Dominican Republic, Luis Abinader Corona , led the signing of the memorandum of understanding between the Dominican Government —through the Ministry of Industry, Commerce and Mipymes (MIC)—and DP World Dominicana this Friday, through which the logistics services company presents its intention to invest approximately $760 million.
The investment aims to consolidate the expansion of the DP World Economic Zones Dominicana free trade zone park and increase the capacity of its port terminal located on the Caucedo Peninsula.
The president highlighted the importance of this agreement as a sign of healthy relations between the authorities and the productive sectors.
"This investment reflects the government 's support for investment and also the confidence of the productive sector in the country," he stated.
DP World Dominicana intends to allocate $380 million to the development of its free trade zone park , which would represent an expansion of 225 hectares, as well as an additional 50 hectares of land with access to the waterfront, located south of the land where the port currently stands.
The remaining 50% would be used to expand its port terminal in Caucedo, with the goal of increasing its capacity to approximately 3.1 million TEUs (units of measurement).
During the event, MIC Minister Víctor Ito Bisonó emphasized that the alliance reinforces President Luis Abinader 's vision for the country: "An economy prepared to compete in global markets, reliable and oriented toward sustainable development."
Part of this investment also includes the installation of advanced monitoring systems and security infrastructure , with the aim of contributing to much safer trade in the country.
The main purpose of this collaboration agreement is to promote foreign investment , increase competitiveness and connectivity, and consolidate the country's position as a logistics hub with strategic qualities for trade throughout the region.
Manuel Martínez , CEO of DP World Dominicana, stated that "this memorandum is much more than a signature: it is a declaration of confidence in the Dominican Republic."
The businessman added that the planned investment would consolidate a unique service integration model , combining the development of an industrial park and free trade zones within the same complex.
- Currently, DP World Dominicana has developed 150,000 square meters of land within its economic zone and plans to reach 220,000 square meters by the end of 2027.
- The company has an operating capacity of approximately 2.5 million TEUs per year and a fleet of modern mobile equipment, including 100% electric units.
To date, the company has invested more than $700 million in its development, with the goal of strengthening the Dominican Republic's position in the logistics chain and attracting foreign companies to establish distribution centers in the country.
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